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Assume that scientific studies provide you with the following information concerning the benefits and costs of sulfur dioxide emissions: a. What is the socially efficient level of emissions abatement?
b. What are the marginal benefit and marginal cost of abatement at the socially efficient level of abate- ment?
c. What happens to net social benefits (benefits minus costs) if you abate one million more tons than the efficient level? One million fewer?
d. Why is it socially efficient to set marginal benefits equal to marginal costs rather than abating until total benefits equal total costs?
What uniform annual series of cash flows over a 12-year period is equivalent to an investment of $5,000 at t=0, followed by receipts of $600 per year for 11 years and a final receipt of $1,600 at t=12 if the investor's time value of money is 6 percen..
Externalities are 3rd-party consequence of some other action. They can be positive or negative externalities and they impose a benefit or cost to a 3rd-party.
Someone who lives in an apt. buys a Wayne Newton CD and then blasts it at full volume at 3am.
The government dislikes smoking, and likes tax revenue. If they wanted to increase the after-tax price to $10 per pack, what size of excise tax must be placed on sellers? How much revenue will it raise? What will be the Deadweight Loss?
Assume you are a stock market analyst specializing in the stocks of theme parks, and you are analyzing Disneyland's stocks. The Wall Street Journal reports that tourism has slowed down in the US.
What is the break even unit sales volume company should have projected as part of its business plan before entering this market and should reconsider each time it considers leaving (exiting) this business altogether?
a soft-drink bottler collected the following monthly data on its sales of 12-ounce cans at different prices.month 1 2 3
A sales person has the following utility function: u(w, ?) = sqrt(w, ?), w is the hourly wage and ? is the number of hours worked in a typical day. This person is choosing between 2 jobs. The first job promises a constant work day of 8 hours and an h..
Calculate Bob's marginal rate of substitution as a function of L,C, and α.
The question related to Economics, mainly to Macroeconomics and it is explain about development indicators in countries such as Brazil, India and Egypt.
Depreciable residential rental real property has been purchased for $70,000 and put into service during the third month of the taxpayer's tax year. For the applicable 27.5 year depreciation life. How many months of depreciation should be generated fo..
Value management (VM) is the application of value methodologies with the purpose of improving organizational effectiveness. Value management is made up of five subprocesses: sensemaking, ideation, elaboration, choice
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